The Homewood Village Board approved a budget amendment and agreement at the May 26 meeting to evaluate the North Halsted Tax Increment Financing (TIF) District’s ability to support future bond issuances aimed at funding redevelopment projects.
According to Homewood Assistant Village Manager Terence Acquah, TIF districts are economic development tools used to encourage investment in blighted areas. Tax revenue generated within the district is set aside to help fund public improvements and redevelopment projects within…
